…..In fact, Asia (including Japan) now produces more than 55 per cent of all new vehicles assembled globally, up from only 30 per cent a decade ago. On a per vehicle basis, the risk is greatest in Thailand, with each assembled vehicle containing more than US$1,714 of Japanese-made auto parts. In fact, Japan accounts for more than 57 per cent of all auto parts destined to Thailand - a nation that produced 1.6 million cars and trucks last year, a level rapidly approaching the 2 million units assembled in Canada last year. Taiwan also imports more than half of all its auto parts from Japan, while shipments to the Philippines and China exceed 40 per cent of their overall auto parts imports….